It appears that Elon Musk will acquire Twitter after all. According to SEC filings, Elon Musk will acquire Twitter at the originally agreed upon price: $54.20. How did the market react? The announcement triggered a significant market reaction. Twitter’s stock price increased 22.24%. The reason for Twitter’s price movement is clear: Twitter’s stock price moved to $52.00, close to the acquisition price. This is common for acquisition targets. Twitter’s shares likely did not move entirely to the $54.20 because there is still a chance that the deal might not consummate .
Elon Musk to acquire twitter after all
Elon Musk to acquire twitter after all
Elon Musk to acquire twitter after all
It appears that Elon Musk will acquire Twitter after all. According to SEC filings, Elon Musk will acquire Twitter at the originally agreed upon price: $54.20. How did the market react? The announcement triggered a significant market reaction. Twitter’s stock price increased 22.24%. The reason for Twitter’s price movement is clear: Twitter’s stock price moved to $52.00, close to the acquisition price. This is common for acquisition targets. Twitter’s shares likely did not move entirely to the $54.20 because there is still a chance that the deal might not consummate .